According to @Andre_Dragosch, the BTC/Gold ratio is trading near 20 oz while his global money supply model implies a fair value around 50 oz, indicating Bitcoin is roughly 60% undervalued versus gold on a relative basis. Source: X post by @Andre_Dragosch 2026-01-19 https://x.com/Andre_Dragosch/status/2013247150822469666 He characterizes this as a rare asymmetric setup and notes that if capital flows rotate toward Bitcoin, Q1 2026 could mark an inflection point. Source: X posts by @Andre_Dragosch 2026-01-19 https://x.com/Andre_Dragosch/status/2013247150822469666 and https://x.com/Andre_Dragosch/status/2013246054490124290 For traders, a move in the BTC/Gold ratio from 20 to 50 oz would imply roughly 150% relative outperformance of BTC versus gold, informing potential long-BTC/short-gold pair strategies and risk controls anchored around the 20 oz level. Source: Calculation based on ratios cited by @Andre_Dragosch on X 2026-01-19 https://x.com/Andre_Dragosch/status/2013247150822469666